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On January 1, 2022, Shefheld AG purchased E310,000,6% bonds of Aguirre Ca for 284 855. The bonds were purchased to yield ex interest. Interest is

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On January 1, 2022, Shefheld AG purchased E310,000,6% bonds of Aguirre Ca for 284 855. The bonds were purchased to yield ex interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1, 2027. Sheffield Company plans to hold the bonds to collect contractual cash flows. On January 1, 2024. She held Company sold the bonds for C286.344 after receiving Interest to meet its liquidity needs (a) Your answer has been saved Set score details after the due date. Prepare the journal entry to record the purchase of bonds on January 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation Debit Credit Jan 1 2022 Debt investments 284855 Cat 284855 TO) Prepare the amortization schedule for the bonds. (Round answers to decimal places, es, 1.250) Schedule of Interest Revenue and Bond Discount Amortization Bonds Purchased to Yield Interest Receivable Bond Or Interest Discount Cash Received Revenue Amortization Carrying Amount of Bonds /22 122 31/22 /23 31/23 /24 Interest Receivable Or Cash Received Date Interest Revenue Bond Discount Amortization Carr Amou Bon 1/1/22 7/1/22 12/31/22 7/1/23 12/31/23 7/1/24 12/31/24 7/1/25 12/31/25 7/1/26 12/31/22 7/1/23 12/31/23 7/1/24 12/31/24 7/1/25 12/31/25 7/1/26 12/31/26 Total

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